Completey Motorbikes Gone Into Administration

^ nobody would wash their laundry in public i guess, but before doing any business then a phone call definitely needed for reassurance, and maybe someone might even spill the beans.

 

Even if the dealers are open, anyone going to spend money there until there is clear legal separation and clarity, is absolutely certifiable

 

Or to put it another way, the majority of traders have to make a profit or go bust causing grief to customers caught in the fallout.

 

Hopefully a solution has been found for this place place at least. That's a real good news story.

 

Pay deposits with Visa and there's never a problem.

 

Completely Motorbikes in Mountsorrel/Quorn is 100% closed this morning, I drove by about 20 minutes ago, shutters down, gates locked

 

*** i would add a "possibly" in there, as it's not a "given" is it?

 

Apart from staff not getting paid and losing their jobs. Less savvy buyers losing their deposits and hundreds of unsold bikes hitting the market at fire sale prices.

 

No possibility about it, a business not making a profit goes bust.

 

@Lazzzydog It is good news! post#84

 

have to disagree here, as a break-even doesn't result in going bust, plus "profit" gets interpreted in various ways these days, as does "loss"..

 

Try going to your bank or private investors to raise money with a business plan for a business that aspires to break even.

 

not saying this, just replying to the point in your earlier post.

 

Scheduled repeating msg most likely, their social media management platform is still running and will be for a while.

 

I’ve never found them to be friendly or helpful at Worcester Ducati.

 

First thing an administrator will do is assess whether there's enough money to cover their forecast fees, if there's not they'll bail, as may be the case here. From assets, the administrator will get paid first, then the preference hierarchy, the customer and deposit payers last. A proportion of the display bikes could be motor dealer stock finance, the administrator may not be able to sell those.

 

Would you be referring to the Dorian/Pam years or since then?

 

Might be wrong but think Pam is doing a few days a week at JHP in Coventry.

Dorian was a good guy…

 

Recently so it would be since they left.

 

This was filed for court hearing last week according to this website.
https://caseboard.io/cases/20859c0b-40cf-48f6-835f-5b047c6c4dbf